The Indian plastic and petrochemical sector has a huge potential for growth and there is a need for free trade agreement (FTA) and duty inversion to make cost of manufacture in the country cheaper, according to Minister of State for Chemicals and Fertilizers Hansraj Gangaram Ahir.
"The plastic sector has a huge potential for development and there is a great scope for consumption in sector of housing, public infrastructure and agriculture," Ahir said at the inauguration of PolyIndia 2016 at the Bombay Exhibition Centre here on January 28, an official statement said.
Ahir added that there was a need to review free trade agreement (FTA) and duty inversion "which can make cost of manufacture in India cheaper than import".
The three-day exhibition on plastics and petrochemicals was themed 'Indian Plastic and Petrochemical sector: Potential for Global Manufacturing Hub.'
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"The plastic sector has a huge potential for development and there is a great scope for consumption in sector of housing, public infrastructure and agriculture," Ahir said at the inauguration of PolyIndia 2016 at the Bombay Exhibition Centre here on January 28, an official statement said.
Ahir added that there was a need to review free trade agreement (FTA) and duty inversion "which can make cost of manufacture in India cheaper than import".
The three-day exhibition on plastics and petrochemicals was themed 'Indian Plastic and Petrochemical sector: Potential for Global Manufacturing Hub.'
For more information>>> Click
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